Ministry of Commerce & Industry
India’s Foreign Trade: August 2019
India’s overall exports  in April-August2019-20are estimated to be USD 227.36 billion, exhibiting a positive growth of 3.20 per cent over the same period last year. Overall imports in April-August 2019-20are estimated to be USD 268.24billion, exhibiting a negative growth of 1.18per cent over the same period last year.Note: The latest data for services sector released by RBI is for July 2019. The data for August 2019 is an estimation, which will be revised based on RBI’s subsequent release.
I. MERCHANDISE TRADE
EXPORTS 
Exports inAugust 2019 were USD26.13 billion, as compared to USD27.81 billion in August 2018, exhibiting a negative growth of 6.05 per cent. In Rupee terms, exports were Rs. 1,85,881.11crore in August 2019, as compared to Rs. 1,93,397.12 crore in August 2018, registering a negative growth of 3.89 per cent.
In August 2019, major commodity groups of export showing positive growth over the corresponding month of last year are
Cumulative value of exports for the period April-August 2019-20 was USD133.54 billion  as against USD135.62 billion  during the period April-August 2018-19, registering a negative growth of 1.53 per cent in Dollar terms .
Non-petroleum and Non Gems and Jewellery exports in August 2019 were USD19.60 billion, as compared to USD20.76 billion in August 2018, exhibiting a negative growth of 5.61 per cent. Non-petroleum and Non Gems and Jewellery exports in April-August 2019-20 were USD99.41 billion, as compared to USD99.17 billion for the corresponding period in 2018-19, an increase of 0.24 per cent.
IMPORTS
Imports in August 2019 were USD39.58 billion , which was 13.45 per cent lower in Dollar terms and 11.46 per cent lower in Rupee terms over imports of USD45.73 billion  in August 2018. Cumulative value of imports for the period April-August 2019-20 was USD206.39 billion , as against USD218.81 billion  during the period April-August 2018-19, registering a negative growth of 5.68 per cent in Dollar terms .
Major commodity groups of import showing negative growth in August 2019 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inAugust 2019 were USD10.88 billion , which was 8.90 percentlower in Dollar terms , compared to USD11.94 billion  in August2018. Oil imports in April-August 2019-20 were USD55.33 billion  which was 6.34 per cent lower in Dollar terms  compared to USD59.07billion , over the same period last year.
In this connection it is mentioned that the global Brent price  has decreased by 18.98% in August 2019 vis-à-vis August 2018 as per data available from World Bank.
Non-oil imports inAugust 2019 were estimated at USD28.71 billion  which was 15.05 per cent lower in Dollar terms , compared to USD33.79 billion  in August 2018. Non-oil imports in April-August 2019-20 were USD151.06 billion  which was 5.43 per cent lower in Dollar terms , compared to USD159.74 billion  in April-August2018-19.
Non-Oil and Non-Gold imports wereUSD27.34 billion in August 2019, recording a negative growth of 9.33 per cent, as compared to Non-Oil and Non-Gold importsof USD 30.15 billion in August 2018. Non-Oil and Non-Gold imports wereUSD136.53 billion in April-August 2019-20, recording a negative growth of 5.64 per cent, as compared to Non-Oil and Non-Gold importsUSD 144.69 billion in April-August 2018-19.
II. TRADE IN SERVICES
EXPORTS 
As per the latest press release by RBI dated 13thSeptember 2019, exports in July2019 were USD 19.08 billion  registering a positive growth of 8.72 per cent in dollar terms, vis-à-vis July 2018. The estimated value of services export for August 2019is USD 19.44 billion.
IMPORTS 
As per the latest press release by RBI dated 13thSeptember 2019, imports in July 2019 were USD 12.83 billion  registering a positive growth of 18.24 per cent in dollar terms, vis-à-vis July 2018. The estimated value of service Import for August 2019is USD 13.38billion.
III.TRADE BALANCE
MERCHANDISE: The trade deficit for August 2019 was estimated at USD13.45 billion as against the deficit of USD17.92 billion inAugust 2018.
SERVICES: As per RBI’s Press Release dated 13thSeptember 2019, the trade balance in Services  for July, 2019 is estimated at USD6.26 billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-August 2019-20is estimated at USD40.89billion as compared to USD51.13billion in April-August 2018-19.Note: The latest data for services sector released by RBI is for July 2019. The data for August 2019 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS & IMPORTS : 
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AUGUST
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APRIL-AUGUST
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EXPORTS
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2018-19
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27.81
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135.62
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2019-20
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26.13
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133.54
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%Growth 2019-20/ 2018-19
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-6.05
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-1.53
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IMPORTS
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2018-19
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45.73
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218.81
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2019-20
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39.58
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206.39
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%Growth 2019-20/ 2018-19
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-13.45
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-5.68
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TRADE BALANCE
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2018-19
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-17.92
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-83.19
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2019-20
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-13.45
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-72.85
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EXPORTS &IMPORTS: 
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AUGUST
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APRIL-AUGUST
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EXPORTS
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2018-19
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1,93,397.12
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9,20,240.02
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2019-20
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1,85,881.11
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9,31,055.96
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%Growth 2019-20/ 2018-19
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-3.89
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1.18
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IMPORTS
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2018-19
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3,18,043.86
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14,85,661.27
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2019-20
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2,81,606.41
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14,38,839.05
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%Growth 2019-20/ 2018-19
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-11.46
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-3.15
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TRADE BALANCE
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2018-19
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-1,24,646.73
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-5,65,421.25
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2019-20
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-95,725.30
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-5,07,783.09
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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July 2019
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April-July 2019-20
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EXPORTS 
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19.08
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74.38
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IMPORTS 
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12.83
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48.48
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TRADE BALANCE
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6.26
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25.90
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EXPORTS & IMPORTS : 
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July 2019
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April-July 2019-20
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EXPORTS 
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1,31,313.76
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5,15,865.75
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IMPORTS 
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88,274.17
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3,36,242.10
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TRADE BALANCE
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43,039.59
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1,79,623.65
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Source: RBI Press Release dated 13thSeptember 2019
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Note: Services data pertains toJuly 2019 as it is the latest data available as per RBI’s Press Release dated 13thSeptember 2019. This data is provisional and subject to revision by RBI.